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What’s UChain

UChain is the first public infrastructure blockchain specifically designed for the global sharing economy. Along with other sharing economy enterprises, UChain aims to build its underlying blockchain network to solve the current problems of trust and data abuse. Exercising API's and SDK's provided by UChain, all sharing economy enterprises are able to issue their own token and build their application on top of the UChain network, together making UChain a better global autonomous sharing economy ecosystem.

Solution

  • UChain’s Solution

    PEER TO PEER NETWORK
    Decentralized peer to peer blockchain network with smart contract to cutoff intermediaries.

    DISTRIBUTED DATA STORAGE
    Encrypted data shredded and stored on different nodes to improve data security.

    USER CREDIT PASSPORT
    Cross application user credit passport with a proprietary credit rating algorithm to effectively record user behaviour.

    TOKEN INCENTIVE
    Tokenized ecosystem to increase participation and engagement of both users and enterprises.

  • Ecosystem of UChain

    There are two major roles that drive the UChain ecosystem, users and developers.

    Users can be categorized in service users, independent service providers and enterprise service providers. They use or provide services on UChain. Independent developers or UChain foundation developers create and maintain the infrastructure of UChain.

    They interact with each other, establishing their distinct values to make UChain a better ecosystem.

  • Technical Framework

    Consensus
    Ripple Protocol Consensus Algorithm

    Smart Contract System
    Smart contract with virtual machines that support C++ and Solidity language and convenient SQL commands within smart contract storage system.

    Distributed Shared Ledger
    DHT (Distributed hash table) based distributed storage protocol with data being indexed by file content (Hash) instead of a file path (URL) and large files will be partitioned into fixed-size data chunks and distributed across multiple nodes.

    Encryption Mechanism
    Elliptic Curve Cryptography

    System Performance
    1000~ TPS

The Company Behind

  • 500000+

    Bicycles
  • 5

    Countries
  • 40

    Cities
  • 30million

    Users
  • 180million

    Rides
  • 300+

    Employees

Roadmap

Selected Investors & Strategic Partners

Frequently Asked Questions (FAQ)

What is UChain?

Uchain is the first public infrastructure blockchain specifically designed for the global sharing economy. Along with other sharing economy enterprises, Uchain aims to build its underlying blockchain network to solve the current problems of trust and data abuse. Exercising API's and SDK's provided by UChain , all sharing economy enterprises are able to issue their own token and build their application on top of the UChain network, together making UChain a better global autonomous sharing economy ecosystem.

What are your solutions to current pain points in this economy?

PEER TO PEER NETWORK
Decentralized peer to peer blockchain network with smart contract to cutoff intermediaries.

DISTRIBUTED DATA STORAGE
Encrypted data shredded and stored on different nodes to improve data security.

USER CREDIT PASSPORT
Cross application user credit passport with a proprietary credit rating algorithm to effectively record user behaviour.

TOKEN INCENTIVE
Tokenized ecosystem to increase participation and engagement of both users and enterprises.

When do you plan on releasing Testnet and Mainnet?

- Testnet is scheduled to go live Q3 2018
- Mainnet is scheduled to go live Q4 2018

What will happen to our UCN when Mainnet launches?

For the token sale UCN will be ERC-20, which will be mapped when the Mainnet is released.

Where are UCHAIN based?

We are based in Canada & Shanghai.

Who are U-Bicycle and how do they relate to UCHAIN?

U-Bicycle is the world's leading Internet company specialising in shared travel. Parent company to many leading eastern brands such as U-Car, U-Park, Grab-cycle, X-Bike, etc. UCHAIN will join the ranks under the umbrella of U-Bicycle and the tech will be implemented into existing U-Bicycle entities immediately.

What is the UCHAIN Foundation?

UCHAIN will also act as a foundation with the name U.C.Foundation which will be a similar business model to the NEO investment fund and Bitcoin fund, working on standardizing, promoting and protecting.

Do you have a bounty program?

We do not have a bounty program at UCHAIN.

When will I receive UCN?

We plan to distribute tokens around one month after the token sale concludes.

What is UCP?

Users can get UCP by locking their UCN. UCP is just UCN with voting power, and as such gives the holder higher ecologic access. UCP is not exchangeable nor tradable.


UCHAIN will incentivize holders who keep UCP for a long time by granting them UCN, the distributing rate will be dynamic so people who hold and lock UCN for a long time will get extra bonuses.

How does UChain plan to handle the raised funds?

35% - Research & Development
30% - Marketing & Growth
30% - Global Operations & Expansion
5% - Advisory

Where will UChain allocate the tokens?

40% - Token Sale
35% - Ecosystem
15% - Team(vesting for 3 years with a one year cliff)
10% - Company Reserve

What is the vesting period for UChain staff?

Three years vesting with a one year cliff.

Is my country of residence prohibited from entering the token sale?

After consulting our lawyers, our team regrets to inform the community that citizens and residents of the United States and the People's Republic of China will not be allowed to participate in any stage of our token sale. (Citizens of Hong Kong and Macau, however, will be allowed to participate).